Southeast Asia

Embattled solar manufacturer Maxeon has applied for ‘judicial management’ in Singapore, following a challenging year for the company.

Two Vietnamese renewable energy developers have formed a new entity dedicated to developing C&I solar PV and energy storage assets in Vietnam.

The Philippines has fast-tracked 1.4GW of new renewable energy projects in response to the ongoing effects of the Iran war on fossil fuel prices.

Danantara, has secured US$1.4 billion to back the government’s push for 50GW of new renewable energy capacity by 2035, with a focus on solar.

Singapore has raised its solar PV deployment target to 3GW by 2030 after reaching its previous 2GW target in 2025.

Meralco PowerGen Corporation has completed initial grid synchronisation and energisation of the 3.5GW MTerra solar project, which includes a 4.5GWh battery energy storage system (BESS). 

The Philippines will launch a number of renewable energy auctions between 2027 and 2035 for at least 25GW of capacity each year.

Developer EDRA Global Energy, a subsidiary of CGN, has started construction on a 300MW floating PV (FPV) project in Malaysia.

Vietnam is the cheapest country to produce fully domestic solar modules outside of China, according to a report from the International Renewable Energy Agency (IRENA).

The Philippines’ solar and energy storage trade body has warned that diplomatic tensions with China could disrupt the solar industry.